rush i think they're dual for a pullback, particularly equities. david: why are you, jeff, are you bullish long term unlike harry? >> i think we are going through the aftermath here in the u.s. of a bank run, a run on the financial system, and david, we've had these throughout history, particularly the last 200 years of financial history, and they are a problem. they do cause disarray. we find out a lot of people, entrepreneurs, homeowners, regulators, they made mistakes they made errors. but through time, four or five years, we correct those errors then we move on. i'm really optimistic for the u.s. long run. because, where does the growth come from, david? it comes from ideas, it comes from trade, it comes from innovation. david: right. >> i think we have more of that going on than 10 years ago, 20 years ago than certainly 50 years ago, david. david: even a republican is talking bad stuff with trade, certainly with regard to china. but, harry, we've been hearing a lot about housing recently.